Can you help me to put RM30k in BII to get those goodies ?

Haha.. unfortunately to open account you need to have working permit or citizenship...

Is the "Maybank GIA-i interest for Premier Mudharabah Account-i" still on? If going to end on end of Dec, is the 2% additional payout in Jan 2013? Anyone know if this promotion will continue in 2013? Please share info .. thanks.

Received an SMS from RHB


But nothing on RHB's website...

Most of the time, RHB FD promo requires 10% deposit into CASA and maintain for 90 days.

Here is the RHB FD promo for 15 months tenure.



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Average 3.486% p.a. only (on the FD part)... not that high

Alliance bank got step-up FD promo. 3.1% on first few months, 6% on the sixth month deposit. Need to open savings account with cash that's 10% of FD deposit.

Just for the record, doubt its really attractive

Average is 4.55%, very high wor....

Interesting..

How did you come out with 4.55%?

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Added on November 30, 2012, 1:34 amDo you have the link? Or any detail info?
I could not find this FD promo on their website..

Thanks

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Added on November 30, 2012, 1:40 amRHB FD promo usually is not attractive, just like Public bank.
And AM bank is also very quiet recently..

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Added on November 30, 2012, 11:04 amJust called to Alliance Bank to ask for their FD promo.

Alliance Bank is having a 6 month term FD promo like below:

From first to 3rd month, FD rate is 3.1%
From fourth to fifth month, FD rate is 3.2%
Six month, FD rate is 6%

Average is 3.616% p.a. for 6 months term of FD ---> only 90% of fund will get 3.616%. remaining 10% will go to CASA
Minimum amount is RM 10K fresh fund.

But need to put 10% of the total amount of FD into current account or saving account.

So, the total 100% deposits (90% FD + 10% CASA) will get less than 3.616%

And the 10% fund in CASA cannot be withdrawn for 6 months.



This post has been edited by BoomChaCha: Nov 30 2012, 11:12 AM

Ah, <3.616% is not really high. Rather go for conventional type like UxB though slightly lower.

OCBC will slice their Smart Savers interest by 0.1% effective 3rd Dec 2012, 3 months FD combo average gonna be less.

maybnk got 6+6 FD campaign
4.05% Pa

Normally, for me, I count like that, since 10% needed to earmark at CASA (which normally earn little or zero interest for small amount),
3.616% x 0.9 = 3.255%

That's why I don't like those CASA linked one.
Create troublesome for me to remember CASA earmarked amount.

This post has been edited by cherroy: Nov 30 2012, 02:27 PM

i thought already ended on Nov 16, 2012??

Ah... I manage to get 4.55% by 3.1+6 then divide by 2, which was most likely what he calculated too... mystery solved

This post has been edited by Medufsaid: Nov 30 2012, 05:34 PM

Please refer my previous post on 27 Nov 2012.

The Maybank 6+6 conventional FD Promo ended on 26th Nov 2012 but as of Tuesday they were still offering exact promo for Islamic Banking. And it's 3.35% for 1st 6 months an 4.05% for the next 6 months. Average about 3.7% for 12 months which is the same as UOB's current Promo of 3.7% for 12 months until 14 December 2012.

I agree with you on how the effective rate should be determined and hate those that need us deposit 10% into CASA and maintain it for certain period that pays miserable interest rates.

Thanks for the update.

It seems interest rate is not going to rise..

Please check out revised Smart Saver interest rate table, effective 3 December 2012.



This post has been edited by BoomChaCha: Dec 1 2012, 03:18 AM


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For those of you who have the Combo plan FD maturing soon and not wishing to go with the hassle of another combo plan, talk to your RM on alternatives e.g. 3.5% for 3 months FD where they can seek approval for the same fund, i.e. no need transfer fund to another bank and redeposit as fresh fund.